StockMarketWire.com - Hibernia REIT said it had exchanged contacts to sell the New Century House office building in Dublin to a fund managed by Credit Suisse Asset Management Global Real Estate for €65.3m.

The price was modestly ahead of the March 2018 book value and reflected a net initial yield of 4.0%.

Completion of the sale was expected to occur in September 2018.


At 2:38pm: [LON:HBRN] Hibernia REIT Plc share price was -0.02p at 1.45p



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